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U.S. Could Face Tough FATF Assessment Next Time Around, Say Critics
By Colby Adams
printThe United States has done little to address gaps identified in 2006 by an international anti-money laundering watchdog, despite a follow-up national review expected within the next two years, say consultants. In 2012, the Paris-based Financial Action Task Force (FATF) disclosed plans to launch its fourth round of mutual evaluations as early as this year. The organization will, for the first time, grade jurisdictions on the efficacy of their efforts to fight money laundering and terrorist financing in addition to scoring their technical compliance with FATF's 40 standards. For the United States, FATF's next evaluation will be the first time...
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